Page 57 - Silver Clips

Crossing Commons
Development Data
Strathroy Crossing Developments Development Data Plaza B1 Crossing Commons
Report Date:
August 10, 2025
Unit B1A B1B B1C B1D B1E B1F B1G B1 H
CP Café Available Booster Juice CC Fitness CC Medical Centre CC Dental Studio Lifelabs Common Area
SF 3,034 2,378 1,394 3,034 5,084 2,378 2,378 2,400 22,080
Building Cost PSF $155 $155 $155 $155 $155 $155 $155 $155
Building Cost $470,270 $368,590 $216,070 $470,270 $788,020 $368,590 $368,590 $372,000 $3,422,400
Site Development Cost PSF $48.39 $48.39 $48.39 $48.39 $48.39 $48.39 $48.39 $48.39
Site Development Cost $146,826 $115,080 $67,460 $146,826 $246,032 $115,080 $115,080 $116,144 $1,068,527
Tenant Allowance A SF 3,034 2,378 1,394 3,034 5,084 2,378 2,378 2,400 22,080
Tenant Allowance A PSF $165 $30 $165 $58 $200 $60 $100 $30
Tenant Allowance A Cost $500,610 $71,340 $230,010 $175,972 $1,016,800 $142,680 $237,800 $72,000 $2,447,212
Tenant Allowance B SF 0 0 0 0 0 0 0 0 0
Tenant Allowance B PSF $0 $0 $0 $0 $0 $0 $0 $0
Tenant Allowance B $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Tenant Allowance $500,610 $71,340 $230,010 $175,972 $1,016,800 $142,680 $237,800 $72,000 $2,447,212
Total Tenant Allowance PSF $165 $30 $165 $58 $200 $60 $100 $30 $111
Total Building Cost PSF $410 $267 $410 $297 $447 $299 $341 $267 $353
Sub Total Construction Costs $1,117,706 $555,010 $513,540 $793,068 $2,050,852 $626,350 $721,470 $560,144 $6,938,139
Development Charges $5.39 $16,353 $12,817 $7,514 $16,353 $27,403 $12,817 $12,817 $12,936 $119,011
Engineering and Other $42,901 $33,625 $19,711 $42,901 $71,889 $33,625 $33,625 $33,937 $312,216
Construction Management 6.00% $67,062 $33,301 $30,812 $47,584 $123,051 $37,581 $43,288 $33,609 $416,288
Total Construction Cost $1,244,023 $634,753 $571,578 $899,906 $2,273,195 $710,373 $811,201 $640,625 $7,785,655
Construction Financing 8.00% $99,522 $50,780 $45,726 $71,993 $181,856 $56,830 $64,896 $51,250 $622,852
Lease Commissions 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0
Sale Commission 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Other Costs $99,522 $50,780 $45,726 $71,993 $181,856 $56,830 $64,896 $51,250 $622,852
Total Development Cost $1,343,545 $685,533 $617,304 $971,899 $2,455,051 $767,203 $876,097 $691,875 $8,408,507
Net Rent PSF $34 $24 $34 $24 $36 $30 $34 $24
Net Rent $103,156 $57,072 $47,396 $72,816 $183,024 $71,340 $80,852 $57,600 $673,256
Cap Rate On Sale 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
Unit Market Value $1,719,267 $951,200 $789,933 $1,213,600 $3,050,400 $1,189,000 $1,347,533 $960,000 $11,220,933
Retained $375,722 $265,667 $172,629 $241,701 $595,349 $421,797 $471,437 $268,125 $2,812,426
Construction Cost/Value Ratio 72.36% 66.73% 72.36% 74.15% 74.52% 59.75% 60.20% 66.73% 68.35%
Crossing Commons
Rent Roll
96 Carroll Street East, Strathroy ON Site B1 Crossing Commons
Rent Roll
Report Date: August 12, 2025
Crossing Commons
Leased/LOI
Plaza Unit Tenant SF Reserved Lease Lease Rent Lease Term Net Rent TMI Monthly Monthly Total HST Total Rent
Yes No Lease Term Commencement Commencement Interval End Interval PSF PSF Net Rent TMI Rent 13.00% w/ HST
Date Date Date
B1 B1A Crossing Park Café 3,034 3,034 0 0 10 Years B1 B1B Available (Lifelabs) 2,378 2,378 0 0 10 Years B1 B1C Booster Juice 1,394 1,394 0 0 10 Years B1 B1D Crossing Commons Fitness 3,034 3,034 0 0 10 Years B1 B1E Crossing Commons Medical Centre 5,084 5,084 0 0 10 Years B1 B1F Crossing Commons Dental Studio 2,378 2,378 0 0 10 Years B1 B1G Crossing Commons Pharmacy 2,378 2,378 0 0 10 Years B1 B1H Promenade Common Area 2,400 2,400 0 0 10 Years 5 Years $34.00 $7.00 $8,596.33 $1,769.83 $10,366.17 $1,347.60 $11,713.77
5 Years $36.00
5 Years $24.00 $7.00 $4,756.00 $1,387.17 $6,143.17 $798.61 $6,941.78
5 Years $30.00
5 Years $34.00 $7.00 $3,949.67 $813.17 $4,762.83 $619.17 $5,382.00
5 Years $36.00
5 Years $24.00 $7.00 $6,068.00 $1,769.83 $7,837.83 $1,018.92 $8,856.75
5 Years $30.00
5 Years $36.00 $7.00 $15,252.00 $2,965.67 $18,217.67 $2,368.30 $20,585.96
5 Years $36.00
5 Years $30.00 $7.00 $5,945.00 $1,387.17 $7,332.17 $953.18 $8,285.35
5 Years $34.00
5 Years $34.00 $7.00 $6,737.67 $1,387.17 $8,124.83 $1,056.23 $9,181.06
5 Years $36.00
5 Years $24.00 $7.00 $4,800.00 $1,400.00 $6,200.00 $806.00 $7,006.00
5 Years $24.00
Grand Total 22,080 22,080 0 0 $56,104.67 $12,880.00 $68,984.67 $8,968.01 $77,952.67
100.00% 100.00% 0.00% 0.00%
Annualized $673,256.00 $154,560.00 $827,816.00 $107,616.08 $935,432.08
96 Carroll Street East, Strathroy ON Site A Crossing Place Main Floor
Rent Roll
Crossing Place Commercial
Report Date: August 12, 2025